M&A Activity

Justice Department Declares Monitoring Program OK

The Department of Justice recently released a memo stating that the Einstein 2 program, that allows the government to monitor communications on its server, does not violate employee’s or private citizen’s rights to privacy. The program is designed to help detect and monitor potential cyber attacks against government servers.

Read More »

MI5 Hires Teens to Combat Hackers

According to news reports, 50 youths were hired by MI5 to fight cyber attacks. Attacks have already been traced by the new cyber professionals to China, Russian, and Pakistan. The youths have also discovered messages from terrorists in a maximum security prison.

Read More »

Boeing to Compete for $34 Billion Air Force Contract

Chicago-based Boeing has issued a competitive statement advertising its refueling tankers to the US Air Force. The bid was won last year by Northrop Grumman and the European Aeronautic Defense and Space Co. but bidding was later re-opened. The contract is worth $35 billion. Rick Lemaster, Boeing’s tanker program manager …

Read More »

Lockheed Awarded Contract with Ceiling of $955 Million

The Environmental Protection Agency has awarded Lockheed Martin a Blanket Purchase Agreement, to be among the firms to provide support for the IT Solutions-EPA II agreement. Under the contract, which is for seven years and has a combined ceiling value of $955 million, Lockheed will perform IT maintenance and service …

Read More »

Intracom Wins $55.7 Million Contract From Raytheon

Raytheon has outsourced manufacturing of subsystems for the latest version of the launchers of the Patriot air and missile defense systems to Greece based, Intracom Defense Electronics. The deal is worth $55.7 million and will service the Patriot program in the UAE. The project is expected to last three and …

Read More »

Interview With Business Software Alliance CEO: Cyber Crime Is Growing

President and CEO of the Business Software Alliance,  Robert Holleyman, sat down with TheNewNewInternet to presented his thoughts regarding the Obama Administration’s cybersecurity plans, as well as how business executives should begin to prepare for a shift in the cybersecurity industry…

Read More »

Northrop Grumman Awarded $33.9 Million Extension

The city of Indianapolis and Marion County, Ind. have awarded Northrop Grumman an extension to an existing five year contract that was originally awarded in 2004. The ad-on calls for the global security provider to furnish IT services that will work to improve customer service, technology efficiencies, risk avoidance and …

Read More »

Raytheon Accomplishes Successful Underwater Missile Test

Raytheon Company successfully tested an underwater launch of its Raytheon AIM-9X air-to-air test missile shape at the U.S. Army’s Test Center in Aberdeen, MD. The missile was released from a submerged Tomahawk Capsule Launching System. This technology is part of the Department of the Navy’s Program Executive Offices of Submarine’s …

Read More »

Google Defends Plan to Digitize Books

Google defended its book digitization program to Congress yesterday. David Drummond, senior vice president of corporate development and chief legal officer at Google, expressed Google’s plans as an open platform that will work to help independent bookstores and will work with publishers and device manufacturers.

Read More »